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China’s Financial Reforms Face Big Challenges

China’s leadership has several challenges before it: to increase economic growth while implementing much-needed reforms to improve the market orientation and efficiency of the economy and maintaining stability in the financial system.  All of these challenges are particularly steep: economic…
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The Second Coming of Harry Potter

In a locked, windowless, unmarked office in Scholastic’s Manhattan headquarters sits a manuscript that Barnes & Noble believes will be its biggest book of the year. It’s a script for “Harry Potter and the Cursed Child,” a play that opens in…
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The Uses of Literacy: Aspects of Working-Class Life (1957)

Lists such as this occasionally face difficult, even impossible, choices. In 1957, a 100-page monograph by a brilliant young American linguist, a book regularly nominated for an automatic place in contemporary “most influential” and “modern classic” selections, was published by…
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Today’s Bond Market Is Insurance, Not Investment

A few days ago over five billion dollars worth of Zero Coupon German government bonds (“Bunds”) were auctioned at a yield of minus five basis points. For me, as for many others, bonds with negative nominal yields hold a fascination…
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Why Entrepreneurship Education Does Not Work

I know dozens of entrepreneurship professors at campuses around the country and they’re almost universally great guys (they are typically male). I love what motivates them.  They’re truly dedicated to developing young people.


What It Takes To Be A Successful 50+ Business Owner

Some professors do their research in laboratories or libraries. But when Utah State University business school’s Michael Glauser wanted to learn what successful small business owners in small-town America had in common, he hopped on a bike.